We are pleased to advise you of the launch of the KPMG Economic Substance Tool.
We are pleased to advise you of the launch of the KPMG Economic Substance Tool which has been developed to assist you in dealing with this complicated area of compliance.
This dynamic Tool has been designed to assist organisations with a significant number of client entities in monitoring and recording those entities’ status under the applicable substance legislation whilst also providing a central location in which to store all substance related supporting evidence. The key features of the Tool include:
The Tool is especially powerful where you administer entities across a number of jurisdictions as the substance rules in each jurisdiction can differ significantly and the Tool can help you identify and deal appropriately with these differences. The Tool currently covers 8 jurisdictions being the Isle of Man, Jersey, Guernsey, Cayman, BVI, Bahamas, Bermuda and Anguilla with further jurisdictions to be covered in due course.
Further information is contained in our brochure which is available on our Substance Requirements page or, if you would like to arrange a demo, please contact Clare Kelly and we’d be happy to show how our Tool can assist you and your business.
Separately if you require any further advice and assistance in relation to economic substance, we’d be delighted to chat further. Please contact your usual KPMG contact or one of the team listed below.
The term Partner refers to a member of KPMG LLC / KPMG Audit LLC.
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